The Hartford 2015 Annual Report Download - page 52

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A roll-forward of property and casualty insurance product liabilities for unpaid losses and loss adjustment expenses follows:
Year Ended December 31, 2014
Commercial
Lines Personal Lines
Property &
Casualty Other
Operations
Total Property
& Casualty
Insurance
Beginning liabilities for unpaid losses and loss adjustment
expenses, gross $ 16,293 $ 1,864 $ 3,547 $ 21,704
Reinsurance and other recoverables 2,442 13 573 3,028
Beginning liabilities for unpaid losses and loss adjustment
expenses, net 13,851 1,851 2,974 18,676
Provision for unpaid losses and loss adjustment expenses
Current accident year before catastrophes 3,733 2,498 — 6,231
Current accident year catastrophes [3] 109 232 — 341
Prior accident year development 13 (46) 261 228
Total provision for unpaid losses and loss adjustment
expenses 3,855 2,684 261 6,800
Less: payments 3,665 2,679 367 6,711
Ending liabilities for unpaid losses and loss adjustment
expenses, net 14,041 1,856 2,868 18,765
Reinsurance and other recoverables 2,464 18 559 3,041
Ending liabilities for unpaid losses and loss adjustment
expenses, gross $ 16,505 $ 1,874 $ 3,427 $ 21,806
Earned premiums $ 6,289 $ 3,806
Loss and loss expense paid ratio [1] 58.3 70.4
Loss and loss expense incurred ratio 61.3 70.5
Prior accident year development (pts) [2] 0.2 (1.2)
[1] The “loss and loss expense paid ratio” represents the ratio of paid losses and loss adjustment expenses to earned premiums.
[2] “Prior accident year development (pts)” represents the ratio of prior accident year development to earned premiums.
[3] Contributing to the current accident year catastrophes losses were the following events:
Year Ended December 31, 2014
Category Commercial Lines Personal Lines
Total
Property and
Casualty
Insurance
Wind and hail [1] $ 45 $ 196 $ 241
Winter storms [1] 54 19 73
Other [2] 10 17 27
Total $ 109 $ 232 $ 341
[1] Amounts represent an aggregation of multiple catastrophes.
[2] Includes tornadoes, earthquakes and flooding.